A market valuation would be the first step.
I am a lifelong Merrick resident and a local realtor as well. I would be happy to discuss this with you and set up a time to conduct a preview of the house. I will also supply recent sales trends for the South of Merrick Rd.
Select-A-Home/island South Realty
324 Merrick Ave
Merrick, NY 11566
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
#1 Listing & Selling Brokerage in NY
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
After you have the CMA, you then deduct all of the costs of repairs, which is what a potential buyer will do.
My recommendation is to make the repairs before putting it on the market.
The true market value will be in the eyes of the buyer who will see all the repairs yet to be done and couple that with fear of mold or future damage from the same source....not a good idea.
The value in the mind of the buyer will be extremely low and your buyer market may be limited to contractors and investors.
Feel free to give me a call if you wish to discuss this further. 631-425-6150 gail@GladstoneGroupRealty.com